BSS
  28 Sep 2021, 10:38

Major corporations urge Brazil to boost climate pledges

  RIO DE JANEIRO, Sept 28, 2021 (BSS/AFP) - A group of the 107 biggest

companies in Brazil on Monday called for the Bolsonaro government to
strengthen its environmental commitments, just one month ahead of the COP26
climate summit in Glasgow.

  "Brazil should be a participant in climate negotiations," the companies
said in an open letter published by the Brazilian Business Council for
Sustainable Development (CEBDS), which is made up of companies representing
47 percent of the country's GDP.

  "Brazil must stay at the center of the this conversation, or risk enormous
damage to the productive sector and Brazilian society," said the letter,
which included signatures from big banks such as Bradesco, JBS -- the biggest
meat producer in the world -- and Brazilian branches of multinational
corporations such as Carrefour and Shell.

  President Jair Bolsonaro and his government have faced biting criticism on
the environmental front, especially in the wake of the huge jump in
deforestation seen in Brazil since the beginning of his term in 2019.

  The open letter calls for the "adoption of funding mechanisms for the
promotion of climate transition and the immediate fight against deforestation
in the Amazon and other Brazilian habitats."

  "Brazil has extraordinary comparative advantages in the pursuit of carbon
neutrality, thanks to our abundant natural resources and the capabilities of
our people," the letter said, asserting that the global movement toward a
more environmentally friendly economy represents a "unique opportunity" for
the country.

  Bolsonaro claimed in his speech to the United Nations General Assembly last
week that the "future of green jobs" is in Brazil, "with renewable energies,
sustainable agriculture, low-carbon emission industry, ecotourism and waste-
water treatment."

  He also announced in time for the COP26 that his government would try to
"find consensus on the mechanisms of the world carbon credit market."

  The signatories of Monday's open letter recommended as a first step the
adoption of "transparent" policies on carbon credits in Brazil, "to assure
the environmental quality and integrity of carbon credits to be traded."